Tudor Investment Corp ET AL Grows Stock Position in CNA Financial Corporation $CNA

Tudor Investment Corp ET AL grew its position in CNA Financial Corporation (NYSE:CNA) by 125.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,121 shares of the insurance provider’s stock after acquiring an additional 91,205 shares during the quarter. Tudor Investment Corp ET AL’s holdings in CNA Financial were worth $7,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its position in CNA Financial by 409.1% during the third quarter. Millennium Management LLC now owns 604,963 shares of the insurance provider’s stock worth $28,107,000 after buying an additional 486,127 shares in the last quarter. Norges Bank purchased a new position in CNA Financial during the second quarter worth approximately $17,266,000. Two Sigma Investments LP lifted its position in CNA Financial by 429.2% during the third quarter. Two Sigma Investments LP now owns 425,779 shares of the insurance provider’s stock worth $19,782,000 after buying an additional 345,322 shares in the last quarter. UBS Group AG lifted its position in CNA Financial by 70.8% during the third quarter. UBS Group AG now owns 689,473 shares of the insurance provider’s stock worth $32,033,000 after buying an additional 285,850 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in CNA Financial by 69.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 656,067 shares of the insurance provider’s stock worth $30,481,000 after buying an additional 268,917 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Transactions at CNA Financial

In other CNA Financial news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $45.97, for a total transaction of $151,103.39. Following the completion of the sale, the senior vice president owned 7,277 shares of the company’s stock, valued at $334,523.69. This trade represents a 31.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

CNA Financial Price Performance

CNA stock opened at $46.51 on Wednesday. The business has a fifty day moving average of $47.56 and a two-hundred day moving average of $46.69. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 6.70 and a beta of 0.35. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $50.72.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, February 9th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.88 billion. CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.During the same period last year, the business earned $1.25 EPS. As a group, research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, February 23rd were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a yield of 409.0%. CNA Financial’s dividend payout ratio (DPR) is 40.94%.

Wall Street Analyst Weigh In

CNA has been the topic of a number of analyst reports. Zacks Research downgraded CNA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings upgraded CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen cut CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.